JINHUA, China, Sept. 01, 2017 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (NASDAQ
GS: KNDI), today announced that Mr. Li Guoliang, Deputy Governor of Hainan Province, along with other political leaders from the
Provincial Department of Commerce, the Provincial Tourism Commission, the Provincial Culture Department, Haikou City and the Haikou
High-Tech Zone, toured the Kandi Electric Vehicles (Hainan) Co., Ltd. production facility (the “Hainan Facility”) on August 29,
2017.
Please visit http://orders.newsfilecorp.com/files/2079/28774_a1504240615674_97.jpg to view this image
Li Guoliang (center), Deputy Governor of Hainan Province
Mr. Yao Wei, the Deputy General Manager of the Hainan Facility, escorted the group and provided Deputy Governor
Li and the other delegates with an overview of the Hainan Facility, highlighting progress updates on the Hainan Facility’s first
prototype of pure electric vehicle, Model K23. Kandi’s Model K23 incorporates internationally-recognized advanced driver
technology, and features a touchscreen control interface, high-pressure 4-in-1 power controls, an automated collision prevention
system, an ultra lightweight structure, increased motor efficiency, a superior battery-energy ratio, and wireless internet
capabilities, among other exciting features. The Model K23 has a wheelbase of 2.65 meters and a maximum speed of 100 km/h, and
drivers can choose between driving ranges of 150 km or 250 km, according to intended use, whether as family transportation or for
use as part of a car-hailing service. Deputy Governor Li was impressed with the progress the Hainan Facility has achieved and
praised the development of the Model K23. At the end of his visit, he encouraged Kandi to accelerate its pace in research and
development, and urged to us to continue to innovate new vehicle types to satisfy market demand for electric vehicles. Deputy
Governor Li also reaffirmed the Hainan Provincial Government’s continuous support for Kandi’s renewable energy vehicle
development.
Please visit http://orders.newsfilecorp.com/files/2079/28774_a1504240615721_75.jpg to view this image
Kandi Model K23
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua, Zhejiang Province, is engaged in the research and development,
manufacturing and sales of various vehicle products. Kandi has established itself as one of China's leading manufacturers of pure
electric vehicle ("EV") products (through its joint venture), EV parts and off-road vehicles. Kandi conducts its primary business
operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”), and the partially and
wholly-owned subsidiaries of Kandi Vehicles.
More information can be viewed at the Company's corporate website at http://en.kandivehicle.com. The Company routinely posts important information on its
website.
Safe Harbor Statement
This press release contains certain statements that may include "forward-looking statements." All statements other than statements
of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the
use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and
uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable,
they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue
reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results
could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including
the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and
available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting
on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking statements.
Follow us on Twitter: @Kandi_Group
Company Contact: Ms. Kewa Luo Kandi Technologies Group, Inc. Phone: 1-212-551-3610 Email: IR@kandigroup.com